Key Quantitative Figures

Financial Performance (FY 2025-26 vs FY 2024-25):

  • Total Income: ₹25,473.95 lakhs (prev. ₹23,703.51 lakhs)
  • EBITDA: ₹5,666.77 lakhs (prev. ₹5,550.41 lakhs)
  • Profit Before Tax: ₹3,949.73 lakhs (prev. ₹4,087.59 lakhs)
  • Tax Expense: ₹1,072.43 lakhs (prev. ₹1,213.02 lakhs)
  • Profit After Tax: ₹2,877.30 lakhs (prev. ₹2,874.57 lakhs)
  • EPS (Basic & Diluted): ₹5.58 (prev. ₹5.57)
  • Paid-up Equity Capital: 5,15,94,464 shares of ₹10 each (unchanged)

Labor Code Impact:

  • Recognized ₹590 lakhs impact on employee benefit obligations due to notified Labor Codes

Dividend Information:

  • Interim Dividend: ₹5 per share declared on April 24, 2025
  • Total Payout: ₹2,579.72 lakhs
  • Record Date: May 2, 2025
  • No final dividend recommended for FY 2025-26

Capital Structure:

  • Market Capitalization (as on March 31, 2026): ₹542.10 crore
  • Promoter Holding: 73.85% (38,102,764 shares)
  • Public Holding: 26.15%
  • 100% shares in dematerialized form

Key Balance Sheet Items (as at March 31, 2026):

  • Property, Plant & Equipment: ₹10,063.80 lakhs
  • Inventories: ₹5,642.15 lakhs
  • Trade Receivables: ₹3,019.59 lakhs
  • Investments: ₹2,322.62 lakhs (current)
  • Borrowings: ₹1,487.07 lakhs (₹1,072.10 lakhs non-current, ₹414.97 lakhs current)
  • Net Debt Position: Maintained net debt-free status

Dates of Action

  • AGM Date: August 12, 2026 at 2:00 PM IST
  • AGM Mode: Video Conferencing/Other Audio Visual Means
  • Remote E-voting Period: August 9, 2026 (9:00 AM) to August 11, 2026 (5:00 PM)
  • Cut-off Date for Voting: August 5, 2026
  • Book Closure: Not specified

Parties Involved

Board of Directors:

  • Mr. Marzin R. Shroff (Non-Executive Chairman)
  • Mr. M.C. Tahilyani (Managing Director)
  • Mr. Jai L. Mavani (Non-Executive Director, retiring by rotation)
  • Mr. D. Sivanandhan (Independent Director)
  • Ms. Rani A. Jadhav (Independent Director)
  • Mr. Nikhil Bhatia (Independent Director)

Key Managerial Personnel:

  • Mr. Vikram Nagar (CFO)
  • Ms. Rupa Khanna (Company Secretary & Compliance Officer)

Auditors:

  • Statutory Auditors: M/s. Sharp & Tannan Associates
  • Cost Auditors: M/s. Kishore Bhatia & Associates (remuneration ₹2.75 lakhs + taxes for FY27)
  • Secretarial Auditors: M/s. Makarand M. Joshi & Co.

Registrar & Share Transfer Agent:

MUFG Intime India Private Limited

Business Overview

The company manufactures carbide and high-speed steel round cutting tools under the 'TOTEM' brand, serving automotive, aerospace, defense, and other industrial sectors. Manufacturing facility located in Chhatrapati Sambhajinagar, Maharashtra.

Operational Highlights

  • Revenue Growth: 8% YoY despite dynamic global environment
  • Export Revenue: ₹3,226.07 lakhs
  • Capacity Expansion: Investments in HSS drills and spring washers capacity
  • Awards: 'Best Metal Cutting Brand 2025'
  • Exhibitions: Participated in EMO Hannover and INDEXPO 2025
  • Certifications: Implemented ISO 26000 for social responsibility

Corporate Actions

AGM Agenda Items:

1. Adoption of audited financial statements for FY 2025-26

2. Re-appointment of Mr. Jai Mavani as director retiring by rotation

3. Ratification of remuneration of cost auditors

Special Business:

  • Ratification of remuneration of ₹2.75 lakhs + taxes to M/s. Kishore Bhatia & Associates as cost auditors for FY 2026-27

Capital Expenditure

  • Gross Block Additions: ₹1,498.65 lakhs
  • Capital Work-in-Progress: ₹356.49 lakhs
  • Investments in new technology including ANCA FXS-1 machines

Related Party Transactions

All transactions were at arm's length and in ordinary course of business. Details provided in financial statements.

Corporate Governance

Full compliance with SEBI LODR requirements reported. All committees (Audit, Nomination & Remuneration, Stakeholders Relationship, CSR) functioning appropriately.

CSR Activities

  • CSR Obligation: ₹53.83 lakhs (2% of average net profit)
  • CSR Spent: ₹39.78 lakhs
  • Primary Project: Supporting construction of Vidyalaya Primary & Secondary School at Chhatrapati Sambhajinagar
  • Unspent Amount: ₹53.83 lakhs transferred to Unspent CSR Account

Credit Rating

As on March 31, 2026:

  • Long-term facilities: IVR BBB/Stable by Infomerics
  • Short-term facilities: IVR A3+

Employee Relations

  • Total employees: 420 (prev. 481)
  • Attrition rate: ~25% in lower executive cadre
  • Cordial industrial relations, labor settlement valid until 2028
  • Implemented HRMS system in April 2026

Forward-looking Statements

Management discusses optimistic outlook aligned with 'Make in India' initiatives, focusing on aerospace, defense, railways, and electronics sectors. Expects to benefit from India's projected 7.4% GDP growth.

Material Developments

  • Implementation of SAP S/4HANA for digital transformation
  • Provision for Labor Code impact: ₹590 lakhs
  • Received 'Best Metal Cutting Brand 2025' award

Disclaimers

Document contains forward-looking statements subject to risks and uncertainties. Readers are cautioned not to place undue reliance on these statements.

#Tags: #ForbesPrecision #FY2026Results #SEBIDisclosure #AGMNotice #RegulatoryCompliance #FinancialResults #Neutral